BAND/USDT aiming for 400%+ returns

3 dic 2020

BAND is looking pretty well primed on the 1D chart. It's completing a nice inverse head-and-shoulders reversal against support at $4, which was a 0.786 retrace from the prior high, and against resistance just below $8. I'll buy some of this now and through a zone from $7 back down to $4 as necessary. Having that downside DCA range is important because if BTC makes a big move (in either direction) then we are likely to see an alt dip, but we have support from 1D EMA200 around $5.50 and main support at $4, so it's not too likely we go below that level.

I think this will move quickly once we are through the $8 resistance, and we'll be looking for the next wave 3 to achieve a 1.618 extension compared with wave 1, up to around $32 for a 400%+ profit within 2 - 4 months. Longer term I think the target could be $50 - $80 later in 2021, but I will review overall crypto market if/when we get to the exit range to decide what percentage to sell.

11 dic 2020

Trade attivo

We are breaking below the rising support and orders are getting filled in my buy zone. My expectation is that we retrace from 24th Nov high to $5.30 (golden pocket) or $4.70 (0.786). $5.30 region also receives support from 1D EMA200 and it would be preferable not to dip much below that, although a 1D wick down to $4.70 would be much appreciated to fill my bags.

6 gen 2021

Nota

We covered nearly all the buy zone and all but 2 of my DCA buy orders executed. Now we have broken resistance and pumping nicely. About as perfect an entry as I could get.

Shouldn't be much resistance until $11, then it may take a while to push through and break the $17.60 prior high.